A former Bank of Communications staffer who pleaded guilty to a count of fraud at the District Court today has been sentenced to 21 months of imprisonment. Wong Wai-po, 29, was accused of stealing 200... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Shares Down Slightly
Hong Kong shares fell slightly on Wednesday, with risk appetite curbed by renewed yuan weakness. The Hang Seng index fell 0.2 percent, to 28,117.42, while the China Enterprises Index lost 0.1 percent, ... ( read original story ...)
Hong Kong’s SFC fines HSBC arm US$1.2 million for misconduct in bond sales
Hong Kong’s Securities and Futures Commission has fined HSBC Broking Securities (Asia) HK$9.6 million (US$1.22 million) for misconduct in the firm’s sale of bonds in 2015 and 2016. The securities arm ... ( read original story ...)
One of the world’s major financial centers is about to shake up its banking sector
Hong Kong , long a global leader in banking and finance, is bracing for the arrival of so-called virtual banks — financial institutions without physical branches where all transactions are online. Aut... ( read original story ...)
UBS banker appeals HK regulatory action over China Forestry IPO: source
HONG KONG (Reuters) - A senior banker at UBS Group AG (UBSG.S) is appealing against Hong Kong regulatory sanctions for his role in the 2009 initial public offering (IPO) of timber company China Forest... ( read original story ...)
DBS Hong Kong kicks off “Live more, bank less” rebrand in HK with free ferry rides
DBS Hong Kong’s rebrand campaign “Live more, Bank less” has kicked off to showcase simple banking and promote the brand with a series of activities including free ferry rides in August. The campaign a... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) disruptions in global trade would pose risks
positives, but a sharp China growth slowdown would be a challenge. Hong Kong’s Hang Seng index lost 357.98 points or 1.25 percent to close at 28,181.68. Overall, the bias in prices is: Downwards. Note ... ( read original story ...)
STX’s Hong Kong IPO Could Come as Soon as August, Says Major Investor
A successful offering in Hong Kong would make STX the first U.S. entertainment company to be listed in the Asian financial center. STX Entertainment's long-planned Hong Kong IPO could come as soon as ... ( read original story ...)
Didi seeks $1.5 billion car services spinoff ahead of likely IPO: sources
HONG KONG (Reuters) - Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion, ahead of its expected initial public of... ( read original story ...)
Hollywood studio STX poised to be first US firm to raise funds in Hong Kong with August IPO
STX Productions LLC, the Hollywood studio behind Jackie Chan’s The Foreigner, could go public in Hong Kong as early as August, according to the chief executive of one of its biggest investors, becomin... ( read original story ...)
Hong Kong’s Fight for IPOs
Now, with the first half of 2018 already in the past, is an excellent time to assess the Hong Kong IPO market. There was some speculation that Hong Kong was about to go through some tough times. This ... ( read original story ...)
Singapore sovereign wealth fund GIC to invest US$75 million in Chinese drug maker Ascletis’ Hong Kong IPO
Ascletis Pharma, the first biotechnology firm to file for an IPO in Hong Kong following recent listing reforms, has secured commitment from Singapore sovereign wealth manager GIC to become a cornersto... ( read original story ...)
STX eyes August IPO on Hong Kong Stock Exchange
STX Entertainment could go public as soon as August on the Hong Kong Stock Exchange. The timing was revealed in an interview with John Zhao, CEO of Hony Capital, which is one of the studio’s major inv... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks decline as investors await China data
Investors seek for clues from quarterly economic indicators of the initial economic impact from trade war and ongoing financial deleveraging In Hong Kong, the Hang Seng Index added 0.1 per cent, or 14 ... ( read original story ...)